One of these is a current asset?

By: |Published on: Dec 10|Categories: Commerce JAMB| 0 comments

A. Fittings
B. Machineries
C. Motor vehicles
D. stock

Correct Answer:

Option D – stock

Explanation

Current assets is a balance sheet item that represents the value of all assets that can reasonably be expected to be converted into cash within one year. Example is stock

stock is a current asset because it can easily be convertible to cash

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